Can Bitcoin’s Decline in Value Affect the Stock Market?

Bitcoin’s value reached $6,605.28 at the time of writing on June 16, 2018, according to data collated on Coinmarketcap. However, the value is less than a third of its record highs of $20,000 in December 2017.
Traditional Investors Ring Alarm Bells
CNBC reported on June 14 that investors should not be worried about the impact of bitcoin’s “bursting bubble” onto the equities market.
“There are things to be concerned about in terms of the stock market here with emerging markets and other issues, but I don’t think Bitcoin is going to be one of them,” said Matt Maley, an equity strategist at Miller Tabak who told CNBC’s Trading Nation.
Maley, however, acknowledged the growing concerns. For many investors, Bitcoin’s bubble is reminiscent of the dot-com crash in the 1990s. The equity strategist mentioned that the 90s approach to investing is relatively different from today.
Maley stated:

“Everybody was talking about both of those things when they were in their bubble, but only in the tech stocks did they own it all. Everybody seemed to own some tech stocks, whether it be the individual names or through their mutual funds. Today, while …

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